$WAL The rally tracked through the previous few posts has given back more than half its gains this time around: the 24-hour return has flipped from +52% at the time of the last post to -14.4%; the 0.05555 floor noted in the last post was broken on close, and this four-hour candle’s low was 0.05023. The current price is 0.05066 USDT, down about a quarter from this run’s high of 0.06786.
Volume is also fading: 24-hour trading volume is about 26.53 million USDT, roughly 45% lower than at the time of the last post.
Funding costs have almost fully normalized this time around: the funding-rate line that climbed from -0.78% toward zero now reads -0.047%, back near neutral—and this happened during the same stretch as the price decline.
Price is currently moving between 0.05023 and 0.05248. Watch two levels next: only a move back above 0.05248, this four-hour candle’s high, and a hold there would suggest the decline has been halted for now; a close below 0.05023, this four-hour candle’s low, would open the door to another leg down. The next funding-rate settlement is at 12:00 Taipei time. If the reading stays near zero, funding costs remain neutral; only a deeper move into negative territory would signal a renewed directional tilt.
One other thing to keep in mind: a market that drops 14% in a day is naturally volatile. After a sharp decline, an equally swift rebound can happen at any time—the direction has not truly been decided yet.
#MarketAnalysis
Volume is also fading: 24-hour trading volume is about 26.53 million USDT, roughly 45% lower than at the time of the last post.
Funding costs have almost fully normalized this time around: the funding-rate line that climbed from -0.78% toward zero now reads -0.047%, back near neutral—and this happened during the same stretch as the price decline.
Price is currently moving between 0.05023 and 0.05248. Watch two levels next: only a move back above 0.05248, this four-hour candle’s high, and a hold there would suggest the decline has been halted for now; a close below 0.05023, this four-hour candle’s low, would open the door to another leg down. The next funding-rate settlement is at 12:00 Taipei time. If the reading stays near zero, funding costs remain neutral; only a deeper move into negative territory would signal a renewed directional tilt.
One other thing to keep in mind: a market that drops 14% in a day is naturally volatile. After a sharp decline, an equally swift rebound can happen at any time—the direction has not truly been decided yet.
#MarketAnalysis